Matador Resources (NYSE:MTDR) to Issue Quarterly Dividend of $0.25

Matador Resources (NYSE:MTDR) declared a quarterly dividend on Wednesday, October 16th,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.25 per share by the energy company on Friday, December 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20.

Matador Resources has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Matador Resources to earn $7.68 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.0%.

Matador Resources Trading Up 1.3 %

Shares of Matador Resources stock opened at $57.98 on Thursday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 7.68 and a beta of 3.26. The business has a 50-day moving average price of $52.21 and a 200-day moving average price of $57.01. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Matador Resources will post 7.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research reports. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Stephens raised their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Thursday, October 24th. Finally, Wells Fargo & Company cut their price objective on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $74.92.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,500 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the purchase, the chief executive officer now owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Robert T. Macalik bought 500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 11,105 shares of company stock worth $562,306. Company insiders own 6.10% of the company’s stock.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.